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June 4, 2019
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How do you change the adjusted cost basis of the home in the calculations of the home office expense deduction?

  • June 4, 2019
  • 1 reply
  • 0 views
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Best answer by HelenaC

You edit the cost basis of your home:

  • Type sch c in the search box and click search.
  • Click on Jump to sch c.
  • Edit the business.
  • Scroll down to Business Expenses: Home Office Expense.
  • Continue through all the screens, past the Depreciation for your home office screen. 
  • Continue with the onscreen interview until you get to the Cost of Your Home screen and edit the amount(s).

See the screenshot below.

Related Information:

1 reply

HelenaCAnswer
Employee
June 4, 2019

You edit the cost basis of your home:

  • Type sch c in the search box and click search.
  • Click on Jump to sch c.
  • Edit the business.
  • Scroll down to Business Expenses: Home Office Expense.
  • Continue through all the screens, past the Depreciation for your home office screen. 
  • Continue with the onscreen interview until you get to the Cost of Your Home screen and edit the amount(s).

See the screenshot below.

Related Information: